Question

PLEASE HELP! Raul deposited $3000 into a bank account that earned simple interest each year. After 3.5 years, he had earned $262.50 in interest.

If no money was deposited into or withdrawn from the account, what was the annual interest rate?

Answer 1

2.5% or 2.43% ?

Answer 2

@Falconmaster

Answer 3

i am not great with %'s but 2.5 is a more reasonable answer i do believe

Answer 4

thank you

Answer 5

welcome